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Marcus Online Savings: NerdWallet’s Best Savings Account of 2022

The bottom line: Marcus’ savings rate is 0.60%, which is much higher than the national average APY of 0.06%. There's no minimum deposit to open the account, and there are no monthly fees and Marcus offers same-day transfers up to $100,000.*

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Bank
APY
Monthly Fee
Details
Marcus by Goldman Sachs Online Savings Account's logo
NerdWallet rating 

at Marcus by Goldman Sachs, Member FDIC

0.70%

With $0 minimum balance

$0

Pros
  • Access to customer service 7 days/week
  • No monthly fees
  • Same-day transfers up to $100,000*

Where Marcus Online Savings shines

Account Features: Same-day transfers up to $100,000 and competitive savings rate.
Customer Experience: For questions, there’s a comprehensive FAQs section on the bank’s website, live chat for logged-in customers and a customer support phone line with extended hours every day of the week.
*Marcus will process transfers of $100,000 or less made through Marcus by 12 pm ET on a business day, by 5 pm ET that day. For outgoing transfers, check with your external bank regarding availability of funds sent by Marcus. For incoming transfers, you'll start earning interest on the transfer amount the day your request is received. All transfers are subject to conditions that may delay funds, such as transfers made in connection with an account closing.
Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA and Goldman Sachs & Co. LLC, which are subsidiaries of The Goldman Sachs Group, Inc. Deposits products provided by Goldman Sachs Bank USA. ©[2022] Goldman Sachs Bank USA. All rights reserved. Member FDIC.
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